Hey MBP. I see your trading from an H1 chart. My weekly view shows a large bearish engulfing. image Daily looks bearish to me. I guess I would be looking for a short here. image

MPB Swing Journal

Weekly showing tapped zone. image Daily. OK so let's see what happens. Price poked above the previous swing high. An FO or wants higher zone? Based on my evolving weekly/daily strategy I am looking for a retrace with a bullish signal candle. ...

ReadtheMarket - Supply and Demand with Price Action

Ha Ha Ha. Monthly.... LOL. I have no idea.

ReadtheMarket - Supply and Demand with Price Action

Believe me I saw that IF but based on what I am trying to do that would have been a touch trade and I want to avoid those. I'm looking for confirmation. The overall picture here looks to be one of selling with retraces into supply areas. I truly am ...

ReadtheMarket - Supply and Demand with Price Action

It must be late....or very early in your part of the world IF but I still see your name. Get some rest my friend. Thanks for your help. Your inspiration drives me forward!

ReadtheMarket - Supply and Demand with Price Action

This concludes the AUDUSD daily analysis. I didn't get the last week or so. After two glasses of vino I was feeling....well... you know Hindsight is 20:20 and it always seems easy to historically analyze PA. But I am serious about trading ...

ReadtheMarket - Supply and Demand with Price Action

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ReadtheMarket - Supply and Demand with Price Action

Continuation of the AUDUSD from daily view. Supply dominating and definitely causes a bias to form. Sells are on my mind and price must prove otherwise. Engulfs of consolidations and retracements may occur with one or more candles. Single candles ...

ReadtheMarket - Supply and Demand with Price Action

Absolutely IF. I think you will notice that the engulfs do engulf consolidations or retraces. Will post more of the AUDUSD shortly.

ReadtheMarket - Supply and Demand with Price Action

Thanks IF. Here's my take from a daily view. My developing strategy hinges on the engulfs. First when price enters a supply or demand area wait for the engulf that reveals big money intention. image

ReadtheMarket - Supply and Demand with Price Action

Maybe another way to put it: What if there was no such thing as a chart with time frame lower than H4 or even daily. How would this be traded? Before the internet traders trade off of "tapes" with only daily bars and were successful. So....

ReadtheMarket - Supply and Demand with Price Action

Thanks IF. I know the LTF charts provide beautiful detail and pinpoint entry and you have mastered the art and science of this type of trading. Having tried "scalping" or just LTF trading numerous times I realize it is not for me. Interestingly it ...

ReadtheMarket - Supply and Demand with Price Action

Weekly chart showing strong reaction to demand. Bullish outside englufing. image Daily showing detail of flags and engulfings Having engulfed nicely north out of demand I imagine an entry on price returning to the flag would be ideal. image And ...

ReadtheMarket - Supply and Demand with Price Action

Your read of m1 charts is and has always been masterfully masterful. I have given up on LTF trading as it fits poorly with my lifestyle and time zone. Therefore my trading is moving towards HTF (daily and weekly). Would like to see your read of ...

ReadtheMarket - Supply and Demand with Price Action

Weekly engulfing. Daily above s/r level. I like it for a buy. Perhaps wait for today's close for more pull back then buy on the high break. We'll see what happens. image image

MPB Journal

Nice thread. Simple, effective....powerful. EURAUD looking intersting. image

MPB Journal

Nice break out. I like to wait for a pullback but this one took off. Oh well. image

Trend Line Price Action with MACD strategy

Missed this one but looks good. image

Trend Line Price Action with MACD strategy

I know.

Trend Line Price Action with MACD strategy

Sorry. Last couple of posts the TLs were not drawn correctly. Lucky pips though.

Trend Line Price Action with MACD strategy